GF Securities (SHE:000776, HKG:1776) plans to issue short-term bonds of up to 8 billion yuan, according to a Wednesday disclosure on the Shenzhen Stock Exchange.
The fixed-rate bonds will have terms of 210 and 238 days, respectively, and the proceeds will be used to repay existing debts.
China Merchants Securities (HKG:6099, SHA:600999) will serve as the lead underwriter and bookkeeper of the bond.
The Chinese securities broker plans to issue the bonds starting Oct. 18 and Oct. 21.
GF Securities' shares rose more than 1% in Hong Kong and Shenzhen recently.
Price (HKD): $15.68, Change: $+0.21, Percent Change: +1.36%
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